The Company follows Accounting Standards Codification 740, Accounting for Income Taxes.
The Company did not have taxable income for the years ended September 30, 2017 or 2016.The Company's deferred tax assets consisted of the following as of September 30, 2017, and 2016:
| 2017 | 2016 | |||||||
| Total deferred tax asset | 1,112,570 | 495,658 | ||||||
| Valuation allowance | (1,112,570 | ) | (495,658 | ) | ||||
| Net deferred tax asset | $ | - | $ | - | ||||
The Company had a net loss of $1,464,122 for the year ended September 30, 2017 and $318,436 for the same period in 2016. As of September 30, 2016, the Company's net operating loss carry forward was $1,112,570 that will begin to expire in the year 2034.